Layer 2 scaling. Best scaling solution crypto investments.
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You have probably heard about Layer 1s like Ethereum, Cardano, Terra, or Avalanche. But there’s another type of blockchain some would argue is even better than layer one blockchains. Layer 2 blockchains.
These blockchains are a bit underrepresented and may offer massive gains in 2022 as this industry develops. Layer 1 blockchains like Ethereum allow for developers to build their own dApps through native programming languages. Ethereum is powered by solidity for example.
But recent developments from a project known as StarkWare now brings smart contact functionality to layer 2s. This leads some to go so far as to say layer 2 blockchains will replace layer one blockchains due to functionality and scalability.
Layer 2 scaling
Polygon
Crypto Layer 2 options
Crypto scaling
Timestamps:
0:00 Intro
0:17 Should You Dump Your ADA?
0:54 Layer 2 Solutions
1:42 The More Advanced Scaling Solution
2:25 Rollup Type 1
2:58 Why You Should Care
3:46 What Happens if Crypto Booms
4:37 Huge News for Crypto’s Future
4:59 Investment Options
6:42 Rollup Type 2
7:31 Optimistic Rollup Examples
7:44 Sidechains
8:24 Blockchain on a Blockchain
8:39 Why Polygon is so Great
9:32 What You Need to Know
10:20 Offer
10:54 Now What Should You Do?
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*I am not a financial advisor. This is not financial advice*
source
All you need is #DigiByte not layer 2s.
Hey max, you ever heard of Nervos System (CKB)? They have a layer 2 scaling solution called Godwoken
Before i started watching your channel, I thought to myself, "there's no way a guy with such great hair could drop such deep knowledge." I was wrong, excellent videos, thank you!
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Max…I love the Monty Python style animation. You are the perfect blend of education and entertainment!
Subscribed with the QUICKNESS
Key and Peele!
Hey Max, do you plan to invest in the current available layer 2 tokens? And when do you think you might buy some
Layer 2 reminds me in the first examples of the way quantum computers work
I have been trading for about 6 months now and just about every trade backfires and slaps me in my face. Nearly impossible for me to catch more than a few points . I try to do top down analysis but it doesn't work for me . I say to myself, clearly I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take and get the same result. I'm starting to feel hopeless, any advice for a struggling trader?
LRC
Thank you Edge
Dogelon mars
Polygon often gets congested
THANK YOU FOR INFORMING US
well explained Max!
Can you buy starkware or starknet
Hi max!! What do you think of layer 2 privacy protection protocol- suter ?
i didnt get 100 usd 🙁
can you slow down with explanation, like speedy gonsales hahahaha
The thing about LRC is it has a lot of hate. Mostly due to the "ape" behavior. The rumor of the GME announcement at the end of 2021 did not come true and the price drop right now just made it worse. The hype that help brought LRC to the spotlight is now affecting it badly. But the tech is solid and it should grow with or without GME. Like Max said, this is a good L2 project that you can get into, especially right now at this price.
I love how you made this video
Just had to say it 🌿🥰
I think you’re really refining your teaching skills
Hello, I'm new to Biticon trade and Ive been
making huge losses but recently I see a lot of
people earning from it. please can someone tell
me what l'm doing worng
Is there a Canadian equivalent for iTrust? I know there's wealthsimple but they only have QBTC and QETH available for TFSA (canadian roth ira)